Inveterate flip-flopper and political windsock Mitt Romney criticizes Obama for his “extraordinary… detachment from reality” in terms of his words and actions; all the while being completely oblivious to his own extraordinary detachment – from irony! Romney is now claiming to be “someone who says what he means and means
Continue readingTag: U.S. Economy
Politics and Entertainment: descending down the pot-holed road of recession towards the sink hole of depression
These remarks of Paul Krugman could easily apply to Canada, for it is essentially homeowners with their massively extended debt load who have bumped our debt to GDP ratio up to 203%, and we too require expansionary fiscal and monetary policies to support the Canadian economy. We won’t be getting
Continue readingRed Tory v.3.0.3: Congress in Action!
While the U.S. economy is verging on the brink of another recession, unemployment is mired at 9% (the actual rate being much higher), multiple wars are still being waged around the world costing billions of dollars per day, and with a national debt of $14 trillion looming ever more forebodingly
Continue readingPolitics and Entertainment: Krugman and Summers: A Reading of the Munk Debate
What happens to the U.S. economy, as we all know, will affect Canada profoundly – which is no doubt why this Munk debate garnered so much attention here. The debate is repeated several times on BNN.
Krugman has the edge for me since he has always reco…
Continue readingRed Tory v.3.0.3: Going Rogue?
Matt Taibbi talks to David Shushter about the latest banking scandal. Swiss financial services company UBS has admitted that a “rogue” trader has run up a loss of $2 billion dollars in unauthorized risky trades. The 31 year old trader … Continue reading →
Red Tory v.3.0.3: The Terror Industrial Complex
Great story from CBC’s The National about the insane amount of money that has been spent post-9/11 on the secretive intelligence and policing apparatus to make America safe from demented cave-dwellers in Afghanistan, inept lunatics with explosive underwear, and suchlike … Continue reading →
Red Tory v.3.0.3: Lifestyles of the “Job Creators”
Donald Trump has a winsome spokesmodel show off all the creature comforts of his luxurious new jet… Isn’t it nice to know that the U.S. Department of Transportation uses taxpayer money to provide interest-free loans for the purchase of corporate … Continue reading →
Red Tory v.3.0.3: Fox & Fiends
Generally reviled former Vice-President Dick Cheney hit the “curvy couch” of Fox’s most unctuous right-wing sycophants this morning to promote his new book, In My Imagination… Unsurprisingly, Cheney believes it imperative for the U.S. government to continue wasting a TRILLION … Continue reading →
Red Tory v.3.0.3: God’s Stimulus?
Contrary to Michele Bachmman’s belief that last week’s “Hurriquake” was a sign from God to curb federal government spending, it would seem that tens of billions of dollars will now be required to fix the widespread damage to infrastructure along … Continue reading →
Red Tory v.3.0.3: Democracy in America
Another day, another nadir of utter stupidity… “This is what democracy looks like,” the dancing assclowns shouted in defense of their right to behave like jackals at public memorial sites. Meanwhile, their country is in a total shambles… $15 trillion … Continue reading →
Red Tory v.3.0.3: Failing U.S. Economy Explained
Of course! It’s all so obvious now.
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